Foxx Development Holdings Inc. (FOXX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Sep 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FOXX SEC filings page.
Foxx Development Holdings Inc. (FOXX) reported $52.6M in revenue for fiscal year 2026, down 20.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Losses have become disconnected from reported cash movements, while the balance sheet shows sharply tighter liquidity.
The gap between a net loss of$52.7M and operating cash flow of-$358K in FY2026 contrasts with the prior year's$6.6M operating cash outflow. That reversal means the latest accounting loss was not mirrored by cash movements, pointing to substantial noncash or timing effects whose specific sources are not identified here.
The 20.2% revenue contraction coincided with gross margin falling to
Total liabilities of
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Foxx Development Holdings Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Foxx Development Holdings Inc. held $1.5M in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations used $358K of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Foxx Development Holdings Inc. scores 67/100 among other emerging companies.
Foxx Development Holdings Inc. had 7M shares outstanding at the end of fiscal year 2026, against 7M in fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Foxx Development Holdings Inc. scores 76/100 among other emerging companies.
Foxx Development Holdings Inc. spent $2.9M on research and development in fiscal year 2026, which was 3.0% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Foxx Development Holdings Inc. scores 17/100 among other emerging companies.
Foxx Development Holdings Inc. reported revenue of $52.6M in fiscal year 2026, against $65.9M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and Foxx Development Holdings Inc. scores 94/100 among other emerging companies.
Foxx Development Holdings Inc.'s operations used $358K of cash in fiscal year 2026, against $6.6M used in fiscal year 2025. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Foxx Development Holdings Inc. scores 85/100 among other emerging companies.
Foxx Development Holdings Inc.'s cash, cash equivalents and investments came to $1.5M at the end of fiscal year 2026, against $81.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Foxx Development Holdings Inc. scores 4/100 among other emerging companies.
Foxx Development Holdings Inc. scores -9.52, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($18.4M) relative to total liabilities ($81.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Foxx Development Holdings Inc. passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Foxx Development Holdings Inc. reported a net loss of $52.7M while operations used $358K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Foxx Development Holdings Inc. reported an operating loss of $43.9M against $10K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Foxx Development Holdings Inc. generated $7.0M in revenue in Q4 2026. This represents a decrease of 49.9% from the same quarter a year earlier. Against the prior quarter it is down 19.5%.
Foxx Development Holdings Inc.'s EBITDA was -$6.8M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 227.7% from the same quarter a year earlier. Against the prior quarter it is up 80.0%.
Foxx Development Holdings Inc. reported -$9.3M in net income in Q4 2026. This represents a decrease of 126.5% from the same quarter a year earlier. Against the prior quarter it is up 74.4%.
Foxx Development Holdings Inc. earned -$1.30 per diluted share (EPS) in Q4 2026. This represents a decrease of 103.1% from the same quarter a year earlier. Against the prior quarter it is up 75.0%.
Cash & Balance Sheet
Foxx Development Holdings Inc. held $1.5M in cash against $49K in long-term debt as of Q4 2026, with $45.7M of liabilities due within a year.
Not reported for Q4 2026.
Not reported for Q4 2026.
Margins & Returns
Foxx Development Holdings Inc.'s gross margin was -26.1% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is down 37.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.3 percentage points.
Foxx Development Holdings Inc.'s operating margin was -97.7% in Q4 2026, reflecting core business profitability. This is down 82.7 percentage points from the same quarter a year earlier.
Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q4 2026.
Capital Allocation
Foxx Development Holdings Inc. invested $1.3M in research and development in Q4 2026. This represents an increase of 151.5% from the same quarter a year earlier. Against the prior quarter it is up 23.5%.
Not reported for Q4 2026.
Not reported for Q4 2026.
FOXX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M-49.9% | $8.7M-23.9% | $16.7M-4.4% | $20.2M-12.5% | $13.9M | $11.4M+2117.1% | $17.5M+1998.9% | $23.1M |
| Cost of Revenue | $8.8M-29.1% | $10.1M-5.7% | $14.5M-5.2% | $17.5M-23.0% | $12.4M | $10.7M+1838.3% | $15.3M+1985.2% | $22.7M |
| Gross Profit | -$1.8M-219.5% | -$1.5M-318.7% | $2.2M+1.2% | $2.7M+589.3% | $1.5M | $663K+1771.6% | $2.2M+2099.8% | $398K |
| R&D Expenses | $1.3M+151.5% | $1.1M+31.3% | $193K-73.1% | $306K+4260.2% | $533K | $827K | $717K | $7K |
| SG&A Expenses | $2.6M+48.6% | $2.9M+106.0% | $3.1M+52.0% | $2.4M+152.7% | $1.7M | $1.4M+157.4% | $2.0M+273.7% | $961K+216.9% |
| Operating Income | -$6.8M-226.4% | -$34.0M-853.9% | -$2.2M+0.8% | -$892K+50.7% | -$2.1M | -$3.6M-349.2% | -$2.2M-284.3% | -$1.8M-253.4% |
| EBITDA | -$6.8M-227.7% | -$34.0M-856.9% | -$2.2M+0.8% | -$880K+51.0% | -$2.1M | -$3.5M-353.4% | -$2.2M-288.8% | -$1.8M-258.0% |
| Interest Expense | $2K-21.8% | $2K-20.2% | $3K-18.7% | $3K-17.4% | $3K | $3K-15.2% | $3K-14.2% | $3K-13.4% |
| Net Income | -$9.3M-126.5% | -$36.3M-788.0% | -$4.3M-400.9% | -$2.9M-26.4% | -$4.1M | -$4.1M-360.7% | $1.4M+322.3% | -$2.3M-314.5% |
| EPS (Basic) | -$1.30-103.1% | -$5.19-794.8% | -$0.62-410.0% | -$0.42+35.4% | -$0.64-56.1% | -$0.58-114.8% | $0.20+205.3% | -$0.65-282.4% |
| EPS (Diluted) | -$1.30-103.1% | -$5.19-794.8% | -$0.62-410.0% | -$0.42 | -$0.64-56.1% | -$0.58 | $0.20 | -$0.65-282.4% |
| Diluted Shares (Avg) | N/A | 7M-0.9% | 7M-5.3% | 7M | N/A | 7M | 7M | 3M+5.3% |
Not reported in any period shown, so not listed: Income Tax.
FOXX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.3M-6.4% | $28.1M-14.4% | $42.0M+31.7% | $49.8M+0.5% | $26.0M+383.8% | $32.9M | $31.9M | $49.5M |
| Current Assets | $11.6M-51.1% | $15.0M-50.6% | $19.8M-33.8% | $27.1M-42.9% | $23.6M+445.7% | $30.4M | $30.0M | $47.6M |
| Cash & Equivalents | $1.5M-21.4% | $3.2M-15.8% | $1.8M-55.1% | $1.5M-83.8% | $1.9M+219.3% | $3.8M+1387.7% | $3.9M+764.7% | $9.2M+3940.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $3.3M-74.2% | $7.0M-58.2% | $10.2M-35.4% | $11.5M+152.3% | $12.7M+617.5% | $16.7M | $15.8M | $4.5M |
| Accounts Receivable | $6.1M-10.1% | $4.1M-42.5% | $6.3M-17.3% | $12.8M+3.2% | $6.8M+2594.3% | $7.1M | $7.6M | $12.4M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $81.2M+158.8% | $75.9M+120.7% | $53.9M+81.2% | $57.7M+17.6% | $31.4M+234.5% | $34.4M | $29.7M | $49.1M |
| Current Liabilities | $45.7M+50.3% | $39.9M+19.5% | $34.0M+18.5% | $37.5M-21.9% | $30.4M+239.7% | $33.4M | $28.7M | $47.9M |
| Non-Current Liabilities | $35.5M+3580.7% | $36.1M+3424.0% | $19.9M+1739.7% | $20.3M+1677.6% | $963K+125.1% | $1.0M | $1.1M | $1.1M |
| Long-Term Debt | $49K-33.8% | $55K-30.4% | $61K-27.6% | $67K-25.2% | $73K-23.1% | $79K | $85K | $90K |
| Total Equity | -$56.8M-959.1% | -$47.8M-2974.5% | -$11.8M-636.6% | -$7.9M-1836.5% | -$5.4M-34.0% | -$1.6M+41.2% | $2.2M+225.2% | $457K+140.9% |
| Retained Earnings | -$72.7M-262.8% | -$63.5M-297.8% | -$27.2M-129.1% | -$22.9M-72.4% | -$20.0M-81.8% | -$16.0M | -$11.9M | -$13.3M |
Not reported in any period shown, so not listed: Goodwill.
FOXX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M+11.1% | $1.4M+901.2% | $284K+106.7% | -$377K-54.8% | -$1.9M-344.0% | -$178K+84.3% | -$4.2M-145.6% | -$243K+82.5% |
| Depreciation & Amortization | $11K-3.3% | $11K-7.9% | $12K-5.6% | $12K+4.1% | $12K+17.0% | $12K+23.3% | $12K+24.1% | $11K+15.5% |
| Stock-Based Compensation | N/A | $279K-14.5% | $406K+102.2% | $297K | N/A | $327K | $201K | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0-100.0% | $0-100.0% | $33K+1680.8% | $35K+744.6% |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$1.9M-342.3% | -$178K+84.4% | -$4.3M-147.2% | -$278K+80.0% |
| Investing Cash Flow | $0 | $0-100.0% | N/A | N/A | $0+100.0% | $28K+2781.3% | -$33K-1680.8% | -$35K-744.6% |
| Financing Cash Flow | -$19K-460.1% | -$6K-12.7% | -$5K+100.0% | -$7K-100.0% | -$3K-100.4% | -$5K-100.5% | -$20.4M-1143.2% | $28.3M+13841.4% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
FOXX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -26.1%-37.0pp | -16.7%-22.6pp | 13.3%+0.7pp | 13.6%+11.8pp | 10.9% | 5.8%+13.5pp | 12.5%+0.6pp | 1.7% |
| Operating Margin | -97.7%-82.7pp | -391.9% | -13.3%-0.5pp | -4.4%+3.4pp | -15.0% | -31.3% | -12.8%+57.2pp | -7.8% |
| Net Margin | -132.8% | -418.5% | -25.6%-33.8pp | -14.2%-4.4pp | -29.4% | -35.9% | 8.2%+85.1pp | -9.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 64.6% | -495.8% |
| Return on Assets | -38.1%-22.3pp | -129.0%-116.5pp | -10.2%-14.7pp | -5.8%-1.2pp | -15.7% | -12.4% | 4.5% | -4.6% |
| Current Ratio | 0.25-0.5x | 0.38-0.5x | 0.58-0.5x | 0.72-0.3x | 0.78+0.3x | 0.91 | 1.05 | 0.99 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | 0.04 | 0.20 |
| Asset Turnover | 0.29-0.2x | 0.310.0x | 0.40-0.1x | 0.41-0.1x | 0.54 | 0.35 | 0.55 | 0.47 |
| FCF Margin | N/A | N/A | N/A | N/A | -13.7% | -1.6% | -24.4% | -1.2% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$56.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.25), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Foxx Development Holdings Inc. Ranks
Frequently Asked Questions
What is Foxx Development Holdings Inc.'s annual revenue?
Foxx Development Holdings Inc. (FOXX) reported $52.6M in total revenue for fiscal year 2026. This represents a -20.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Foxx Development Holdings Inc.'s revenue growing?
Foxx Development Holdings Inc. (FOXX) revenue declined by 20.2% year-over-year, from $65.9M to $52.6M in fiscal year 2026.
Is Foxx Development Holdings Inc. profitable?
No, Foxx Development Holdings Inc. (FOXX) reported a net income of -$52.7M in fiscal year 2026.
What is Foxx Development Holdings Inc.'s EBITDA?
Foxx Development Holdings Inc. (FOXX) had EBITDA of -$43.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Foxx Development Holdings Inc. have?
As of fiscal year 2026, Foxx Development Holdings Inc. (FOXX) had $1.5M in cash and equivalents against $49K in long-term debt.
What is Foxx Development Holdings Inc.'s gross margin?
Foxx Development Holdings Inc. (FOXX) had a gross margin of 3.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Foxx Development Holdings Inc.'s operating margin?
Foxx Development Holdings Inc. (FOXX) had an operating margin of -83.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Foxx Development Holdings Inc.'s operating cash flow?
Foxx Development Holdings Inc. (FOXX) recorded an outflow of $358K in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Foxx Development Holdings Inc.'s total assets?
Foxx Development Holdings Inc. (FOXX) had $24.3M in total assets as of fiscal year 2026, including both current and long-term assets.
How much does Foxx Development Holdings Inc. spend on research and development?
Foxx Development Holdings Inc. (FOXX) invested $2.9M in research and development during fiscal year 2026.
What is Foxx Development Holdings Inc.'s current ratio?
Foxx Development Holdings Inc. (FOXX) had a current ratio of 0.25 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Foxx Development Holdings Inc.'s return on assets (ROA)?
Foxx Development Holdings Inc. (FOXX) had a return on assets of -216.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Foxx Development Holdings Inc.'s P/E ratio?
Foxx Development Holdings Inc. (FOXX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $18.4M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Foxx Development Holdings Inc.'s price-to-sales ratio?
Foxx Development Holdings Inc. (FOXX) trades at 0.3x sales, its market capitalization divided by revenue of $52.6M revenue, FY2026. The market capitalization is $18.4M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Foxx Development Holdings Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Foxx Development Holdings Inc. (FOXX) held $1.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $358K over that year. Dividing the one by the other, the reported balance equals about 49 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Foxx Development Holdings Inc.'s debt-to-equity ratio negative or not reported?
Foxx Development Holdings Inc. (FOXX) has negative shareholder equity of -$56.8M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Foxx Development Holdings Inc.'s Altman Z-Score?
Foxx Development Holdings Inc. (FOXX) has an Altman Z-Score of -9.52, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Foxx Development Holdings Inc.'s Piotroski F-Score?
Foxx Development Holdings Inc. (FOXX) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Foxx Development Holdings Inc.'s earnings high quality?
Foxx Development Holdings Inc. (FOXX) reported a net loss of $52.7M while operations used $358K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Foxx Development Holdings Inc. cover its interest payments?
Foxx Development Holdings Inc. (FOXX) reported an operating loss of $43.9M against $10K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Foxx Development Holdings Inc.?
Foxx Development Holdings Inc. (FOXX) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.